TAG: Economy
South-east Asia’s largest consumer market and one of its most dynamic growth destinations is now turning a corner in terms of business confidence and expectations, the latest OBG Business Barometer: CEO Survey shows. While for some time, both foreign and domestic investors in Indonesia cited infrastructure,n political uncertainty and frequent changes in legislation as their top concern, many now have an altogether more positive outlook.
In economics, as in life, everything comes and goes. In 2016 commodity prices were down and most Latin American currencies depreciated. Now, less forex volatility and more reasonable commodity prices have led many to hope for a more promising future.
It’s not difficult to conclude that for the Gulf region’s largest economy the past two years have been far from easy. What many analysts are now terming the new normal for oil prices – somewhere between $50-60 per barrel – has had a dramatic impact on Saudi Arabia’s fiscal position. But what impact is this having on business sentiment in the Kingdom?